THE Conservative Party, under the leadership of Pierre Poilievre, announced a bold initiative aimed at abolish the GST on new construction. This bold measure, which would apply to new homes sold for less than $1 million, aims to stimulate construction sector by facilitating access to property for many Canadians. By removing this tax, the Party hopes to encourage the construction of additional housing, in the face of growing demand and housing crisis more and more pressing.
THE Conservative Party, led by Pierre Poilievre, announced a major commitment for the health sector construction by promising toeliminate the federal sales tax (GST) on new homes sold for less than $1 million. This initiative aims to stimulate construction 30,000 additional housing units each year in Canada. The Conservative Party believes that this measure will facilitate access to accommodation while encouraging real estate development throughout the territory, particularly for construction projects. rental accommodation.
The Conservative Party and the elimination of the GST on new construction
The head of Conservative Party, Pierre Poilievre, recently announced his intention to remove the federal sales tax (GST) on the construction of new housing. This commitment could give a boost to the Canadian real estate sector. Indeed, the abolition of this tax would encourage investors and developers to increase their construction projects. Ultimately, this would help to considerably increase the supply of housing on the market, which is crucial in the face of the housing crisis facing the country.
The consequences of this measure on the real estate market
The proposal to scrap the GST could lead to the creation of thousands of new homes each year. According to figures put forward by the CCP, approximately 30,000 additional housing units could be built thanks to this initiative. Such a reform would have a positive impact on real estate prices, promoting access to property for many families. The aim is to make buying a home more affordable, and to meet the growing demand weighing on the real estate market.
Support for social and rental housing
At the same time, this initiative to eliminate the GST would also extend to social housing and rental properties, thus making it possible to further support low-income households. The Liberal government, under Justin Trudeau, has already begun to withdraw the GST for certain construction projects. However, Poilievre’s project aims to go further by encouraging the private sector to actively participate in the creation of low-rent housing. This movement seems necessary in a context where accessibility to housing is increasingly compromised.
